Wynn Resorts, Limited (NASDAQ:WYNN) is bucking the broad-market trend lower today, up 7.8% at $217.30 -- and earlier touched a record high of $217.56 -- thanks to a stronger-than-expected fourth-quarter earnings report. Calls are the options of choice, with north of 19,000 contracts traded -- more than four times the norm. Digging deeper, it looks like bulls are buying to open the now in-the-money weekly 2/14 212.50-strike call, where close to 2,100 contracts have traded, mostly at the ask price.

Lennar Corporation (NYSE:LEN) is also defying broad-market headwinds, up 5.1% at $40.83. Call volume is running at four times the typical intraday rate, with more than 8,600 contracts exchanged thus far. The preference for LEN calls marks a change of pace, as the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.32 sits just 6 percentage points from an annual high. In other words, near-term option traders are more put-heavy than usual right now. (For more on homebuilders, check out this blog from Schaeffer's Senior Equity Analyst Joe Bell, CMT.)

Expedia Inc (NASDAQ:EXPE) is fractionally lower at $65.11. Ahead of the company's turn in the earnings confessional -- slated for after the close on Thursday, Feb. 6 -- EXPE puts are hot, with intraday volume at five times the norm. More than half the action has transpired at the out-of-the-money February 60 put, where investors appear to be buying the contracts to open -- possibly as a pre-earnings hedge for their EXPE shares.